Elan Overseas Education Loan

  At the time of availing a loan for higher education abroad , it is of utmost importance to do a thorough research about the various terms and conditions of the financial institution. Otherwise, a lot of times students have to opt for education loan transfer if they are not satisfied with their existing financial lender. What is an Education Loan Transfer? An education loan transfer is the process of transferring the education loan application to another bank. For an instance, let us consider that you have availed an overseas education loan from a Non-Banking Financial Corporation due to their shorter processing time but after a time span of one or two years, you are not satisfied with the education loan repayment policy of the NBFC and hence wish to go for a student education loan refinance from a public bank. In such case, you can apply for an overseas education loan transfer from the NBFC to a nationalized. Follow the steps below for an education loan transfer: 4-ste...

With the rising cost of higher education in India and overseas, the majority of students opt for education loan to fund their studies. Study overseas aspirants willing to pursue their education at international universities situated overseas often look for financial aid and this is when the overseas education loan comes to the rescue. In order to apply for an overseas education loan, first of all, students must have received the offer letter from the university. Based on the conditional or unconditional offer letter, they can approach any financial institutions to apply for an overseas education loan. In India, there a bunch of financial institutions like private banks, nationalized banks and NBFCs that offers education loans. These institutions offer two kinds of overseas education loan i.e., secured education loan and unsecured education loan. Every financial institution differs in factors like margin amount of the loan, processing fees, repayment tenure, interest rate etc. He...

Over 1 lakh students migrate to Australia every year for pursuing higher education and all the credit for this goes to top-class education offered at the Australian universities, high standard of living and ample opportunities for the international students. Australia is one of the most expensive countries for higher studies as the cost of education in the global universities is higher as compared to the other study abroad destinations. An average tuition fee of a program at any of the Australian university ranges from AUD 25,000 to AUD 35,000 annually. However, it also depends on the university, it’s ranking, chosen program and duration of the course. Education Loan to Study in Australia: Indian students can avail two types of education loan to study in Australia to pursue their higher education from the global university situated in the country. Let us know about the available options: 1. Secured Education Loan According to the regulations of the Australian Embassy, Ind...